Avenira : Loan Facility

9 March 2021

LOAN FACILITY

Avenira Limited (ASX: AEV) ('the Company') advises that it has executed agreements with Au Xingao Investment Pty Ltd ('Lender'), a substantial shareholder of the Company, for the Lender to provide a $3 million secured loan facility to the Company ('Loan Facility').

The Loan Facility will provide the Company with capital to fund the development of the Jundee South Gold Project and for other purposes as consented to by the Lender.

The Loan Facility is conditional on the Company obtaining shareholder approval under item 7 of section 611 of the Corporations Act 2001 (Cth) and Listing Rule 10.1, which will be sought at a general meeting of the Company to be held in the coming months.

The material terms of the Loan Facility are as follows:

Loan Amount	$3,000,000.
Interest	8% per annum. Accrued interest will be capitalised (if not paid)
every 6 months.
Security
The Loan Facility will be secured by a mining mortgage over the
Company's Wonarah Project and a general security deed over
specified listed securities held by the Company.
Termination and	The Company must repay the Loan Amount and all other
repayment	amounts outstanding (including all capitalised interest and
accrued uncapitalised interest) after 3 years form the date of
signing the loan agreement ('Repayment Date'), unless the
Lender elects to convert earlier.
Conversion	After 18 months, the Lender may elect to convert the Loan
Amount into ordinary shares in the Company based on the 30
day VWAP of the Company's shares prior to the conversion date.
Prepayment	The Company may prepay the Loan Amount at any time prior to
the Repayment Date.

This announcement has been authorised for release by the Board of Avenira Limited.

For further information, please contact:

Brett Clark

Executive Chairman [phone]

Suite 6, 100 Mill Point Road, South Perth WA 6151 :: PO Box 1704 West Perth WA 6874 :: [phone] ::[e-mail]